MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Chick-fil-a has to analyze costs to determine how much to price their new salad. Which function of marketing is this?
A
Pricing
B
Promotion
C
Financing
D
Selling
Explanation: 

Detailed explanation-1: -Chick-fil-A Promotion & Advertising Strategy: From public relations, email marketing, TV and Radio to billboards. It uses pretty much everything to increase its reach. The brand also engages with users online via social media channels, digital marketing, online ads, forums and online food ordering.

Detailed explanation-2: -The pricing function involves determining and adjusting prices to maximize return and meet customers’ perceptions of value. This often involves deciding how much to charge for products so customers will want to buy and businesses will make a profit.

Detailed explanation-3: -What Are the 4 Ps of Marketing? Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.

Detailed explanation-4: -In the marketing world there are seven functions of marketing and they are as follows: distribution, financing, market research, pricing, product and service management, promotion and selling.

There is 1 question to complete.